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Former head of Vardenis branch of Ardshininvestbank accused

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  • Former head of Vardenis branch of Ardshininvestbank accused

    Former head of Vardenis branch of Ardshininvestbank accused of money laundering

    2010-04-09 18:17:00


    ArmInfo. The former head of Vardenis branch of Ardshininvestbank CJSC
    is accused of money laundering. A relevant criminal case has been
    instituted, the press release of the Armenian Prosecutor General's
    Office says. It was found out on the basis of materials provided to
    Ardshininvestbank CJSC that according to a preliminary agreement with
    expert A.Hambardzumyan, private entrepreneur Kh.Shaboyan and director
    of Vasarat LLC, the former head of Vardenis branch of
    Ardshininvestbank A.Baghdasaryan issued fictitious loans. In
    particular, without the knowledge or consent of the branch borrowers,
    396 credit agreements on purchase of household appliances worth 95 mln
    788 thsd AMD and 27616 USD were issued on their names. The specified
    amounts were by installments transferred to the accounts of Shaboyan
    and Vasarat LLC, afterwards were converted into cash. Shaboyan and
    Vasarat LLC, which are the clients of the branch, are engaged in sale
    of household appliances.

    On the basis of the specified data, a criminal case has been
    instituted under Article 179 Part 3 Item 1 of the Criminal Code of
    Armenia and under Article 190 Part 3 Item 1 of the Criminal Code of
    Armenia. The criminal case has been submitted for preliminary
    investigation of the Investigative Department of the National Security
    Service under the Armenian Government. Charges have been arraigned
    against A.Baghdasaryan, and arrest has been applied as a measure of
    restraint.

    The press service of Ardsininvestbank pointed out that the data on the
    activity of the former head of Vardenis branch, as well as on a
    similar case with the activity of the former head of Goris branch were
    found out by the bank itself and then presented to law-enforcers. "The
    relevant structures of the bank attentively follow and in case of the
    slightest suspicion study in detail any violations, which are strictly
    punished for. We appreciate the cooperation with the law-enforcement
    agencies in this matter",- said
    the press service of the bank.
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